PITTSBURGH and GERMANTOWN, Md., July
29, 2014 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB)
and OBA Financial Services, Inc. (NASDAQ: OBAF) today announced the
receipt of all required regulatory clearances for the proposed
merger of F.N.B. Corporation and OBA Financial Services,
Inc.
The Office of the Comptroller of the Currency has approved the
Bank Merger Act application to merge OBA Bank, the bank subsidiary
of OBA Financial Services, Inc., into First National Bank of
Pennsylvania, F.N.B. Corporation's
bank subsidiary. The Federal Reserve Bank of Cleveland has granted F.N.B. Corporation a
waiver of its merger application requirements.
OBA Financial Services, Inc. shareholders will vote on the
proposed merger at a special meeting of the shareholders scheduled
for August 21, 2014. The merger is
expected to have an effective closing date of September 19, 2014.
"We are very pleased to receive regulatory approval for our
merger with OBA as planned," stated Vincent
J. Delie, Jr., President and Chief Executive Officer of
F.N.B. Corporation. "FNB has a culture of regulatory compliance and
strong risk management systems that enable our Company to
successfully integrate merger and acquisition opportunities. We
look forward to serving OBA's clients, employees and
shareholders."
The respective Boards of Directors of OBA Financial Services,
Inc. and F.N.B. Corporation have previously approved the Agreement
and Plan of Merger between F.N.B. Corporation and OBA Financial
Services, Inc. Additionally, as announced on April 8, 2014, shareholders of OBA Financial
Services, Inc. will be entitled to receive 1.781 shares of F.N.B.
Corporation common stock for each common share of OBA Financial
Services, Inc. The exchange ratio is fixed and the transaction is
expected to qualify as a tax-free exchange for shareholders of OBA
Financial Services, Inc.
ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND
IT
F.N.B. Corporation's registration statement on Form S-4
concerning the subject merger was filed with the SEC effective
July 2, 2014. The registration
statement includes a proxy statement/prospectus and other relevant
documents with the SEC in connection with the merger.
SHAREHOLDERS OF OBA FINANCIAL SERVICES, INC. ARE ADVISED TO READ
THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS
FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO
THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION.
The proxy statement/prospectus and other relevant materials and
any other documents F.N.B. Corporation and OBA Financial Services,
Inc. have filed with the SEC, may be obtained free of charge at the
SEC's website at www.sec.gov. In addition, investors and security
holders may obtain free copies of the documents F.N.B. Corporation
has filed with the SEC by contacting James
Orie, Chief Legal Officer, F.N.B. Corporation, One F.N.B.
Boulevard, Hermitage, PA 16148,
telephone: (724) 983-3317 and free copies of the documents OBA
Financial Services, Inc. has filed with the SEC by contacting
Charles E. Weller, President and
Chief Executive Officer, OBA Financial Services, Inc., 20300 Seneca
Meadows Parkway, Germantown, MD
20876, telephone: (301) 916-0742.
F.N.B. Corporation and OBA Financial Services, Inc. and certain
of their directors and executive officers may be deemed to be
participants in the solicitation of proxies from OBA Financial
Services, Inc. shareholders in connection with the proposed merger.
Information concerning such participants' ownership of OBA
Financial Services, Inc. common shares will be set forth in the
proxy statement/prospectus relating to the merger when it becomes
available. This communication does not constitute an offer of any
securities for sale.
About F.N.B. Corporation
F.N.B. Corporation (NYSE:
FNB), headquartered in Pittsburgh,
Pennsylvania, is a diversified financial services company
operating in six states and three major metropolitan areas.
It holds a top retail deposit market share in Pittsburgh, Baltimore, MD, and Cleveland, OH. The Company has total assets of
$15.0 billion and more than 280
banking offices throughout Pennsylvania, Ohio, West
Virginia and Maryland.
F.N.B. provides a full range of commercial banking, consumer
banking and wealth management solutions through its subsidiary
network which is led by its largest affiliate, First National Bank
of Pennsylvania, founded in 1864.
Commercial banking solutions include corporate banking, small
business banking, investment real estate financing, international
banking, business credit, capital markets and lease financing. The
consumer banking segment provides a full line of consumer banking
products and services including deposit products, mortgage lending,
consumer lending and a complete suite of mobile and online banking
services. F.N.B.'s wealth management services include asset
management, private banking and insurance. The Company also
operates Regency Finance Company, which has more than 70 consumer
finance offices in Pennsylvania,
Ohio, Kentucky and Tennessee.
The common stock of F.N.B. Corporation trades on the New York
Stock Exchange under the symbol "FNB" and is included in Standard
& Poor's SmallCap 600 Index with the Global Industry
Classification Standard (GICS) Regional Banks Sub-Industry Index.
Customers, shareholders and investors can learn more about this
regional financial institution by visiting the F.N.B. Corporation
web site at www.fnbcorporation.com.
About OBA Financial Services, Inc.
OBA Financial
Services, Inc. serves as the holding company for its wholly owned
subsidiary, OBA Bank, which has 6 banking offices in Montgomery, Anne
Arundel, and Howard
Counties. The common stock of OBA Financial Services, Inc. is
traded under the trading symbol "OBAF" on the NASDAQ National
Market System.
SOURCE F.N.B. Corporation